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Hank Payments Corp V.HANK

Alternate Symbol(s):  HNKPF

Hank Payments Corp. provides consumer fintech software-as-a-service (SaaS) and banking-as-a-service (BaaS) platforms that manage consumer cash flow and budgets on an automated basis using proprietary algorithms that collect, store and disburse cash as required to discharge obligations in a timely fashion. The Hank stack provides for several vertical market applications of the technology, with features specific to channels and enterprise accounts (Partners) that allow those partners to operate new lines of business and revenue streams, using Hank. The Company houses the complex technology, banking, treasury, customer service, sales and operations teams that acquire and service consumers. The Company acquires users through various channels, including small to medium-sized enterprises (the SME Partners) and large enterprise businesses (the Enterprise Partners). It provides solutions for education, lenders, automotive, equity builders and fintechs.


TSXV:HANK - Post by User

Post by hintonkidon Apr 21, 2023 8:44pm
207 Views
Post# 35408319

Michael Hilmer picked up another 10,000 shares on April 20.

Michael Hilmer picked up another 10,000 shares on April 20.Michael Hilmer, again, has been acquiring shares in HANK.  April 20th he picked up another 10,000 shares @ $0.05 per share in the public market.  Each of these purchases has been in amounts of a few hundred dollars per purchase.  One has to speculate if he is buying at small cash amounts to avoid calling attention, in the market, to larger purchases at larger cash amounts.  Currently, insiders hold close to 44% of the shares outstanding of HANK.  I speculate that by buying smaller lots in a strategic move on the part of the CEO, then, as I stated, he would like to avoid a run on the stock price as speculators dive in to the name and force the price artificially higher and then short it or drive the price down hard after taking profits at the expense of genuine HANK investors.  I am glad to see that Michael has been buying company stock, on the open market, on a steady basis.  It tells me that he must have great faith in where this company is going and is expecting much of the company in the coming months.  I don't know how many HANK investors watched the recent interview with Michael but, he sounded quite optomistic in regard to growing the HANK customer base and moving the company in to profitabilitiy in the next few quarters.  To see a list of dates and purchases, made by Michael Hilmer, over the last few months just go to the top of the page and click on INSIDERS and there you will see the details.  Wishing everyone good fortune and good buys.
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